Articles for tag: aims, battery, Corvette, fasttrack, lithium, Metals, Patriot, production

February 26, 2024

Ron Finklestien

mining

The Fast Track to Lithium: Patriot Battery Metals’ Corvette Project Revs Up Production

Patriot Battery Metals’ Corvette project is a testament to vision and perseverance in the red-hot world of lithium mining. CEO Ken Brinsden, a seasoned hand in the industry, sees the project not just as a mineral deposit, but as a crucial link in the chain powering the global energy transition. With the backing of key investors and a treasure trove of lithium resources waiting to be tapped, the stage is set for Patriot to make a significant impact. COO Blair Way at the Corvette site performing winter prospecting. Credit: Patriot Battery Metals From the shift in leadership to the significant

February 18, 2024

Ron Finklestien

mining

Canadian Mining Industry Update Canadian Mining Industry: Mixed Fortunes for Juniors Ahead of PDAC

It’s a difficult time for the junior mining exploration companies in Canada. According to Jeff Killeen, policy and program director for PDAC, there hasn’t been a single financing above C$125 million on the TSX Venture Exchange in the past year. Deals at the C$200 million level were once common, but are now a rarity. The struggles are not limited to the actual availability of capital but also concern the size of deals being made, as Killeen highlighted in a recent interview. The figures paint a stark contrast with the past, where the TSX Venture Exchange used to be a bustling

February 5, 2024

Ron Finklestien

mining

Cornish Metals shares rise on new drill results from tin project in Cornwall

Cornish Metals Reports Positive Results From Tin Project in Cornwall Significant Tin Intercepts Unveiled The tectonic plates of the financial market jolted today as Cornish Metals Inc. unveiled sensational drill results from its tin project at the South Crofty mine in Cornwall. All six drillholes have intersected the Wide Formation lode structure, echoing the historical tin-bearing structures in the region. The confirmation of the Wide Formation structure over a substantial strike length of 1.6km and a downdip extension of 525m has sent ripples of excitement throughout the industry. Notably, the company reported substantial tin intercepts, such as 1.21m grading 0.87%

February 2, 2024

Ron Finklestien

mining

C-Level Appointments and Board Changes in Mining Industry C-Level Appointments and Board Changes in Mining

Lithium Ionic has named Mike Westendorf as its new VP Technical Services. The company’s move mirrors a strategic shift that implies a possible sparkle in its future endeavors. Radio Fuels has appointed Philip O’Neill as CEO and a director, signifying the possibility of a new fuel for the company’s growth in the industry. Vizsla Silver has welcomed Simon Cmrlec as the new Chief Operating Officer, marking a fresh chapter in the company’s operations like the unearthing of a rare and precious mineral. Western Uranium and Vanadium has promoted Michael Rutter to the position of COO and welcomed Bruce Norquist as

February 1, 2024

Ron Finklestien

mining

Patriot Battery Metals falls on Toronto debut

Patriot Battery Metals’ Downturn on Toronto Debut Patriot Battery Metals Canadian Venture Commences with a Debut Flop Patriot Battery Metals is fully immersed in the advancement of its exclusively owned Corvette property, located in the Eeyou Istchee James Bay region of Quebec.

January 29, 2024

Ron Finklestien

mining

Lifezone Metals Strikes Gold with New Nickel Discovery at Kabanga

Breaking Ground Lifezone Metals is making significant strides with a new nickel discovery at its Kabanga site. Hole KL23-29 revealed an impressive 15.1-meter grading of 2.24% nickel, along with 0.24% copper and 0.18% cobalt, while KL23-27 returned 7.0 meters grading of 2.84% nickel, 0.30% copper, and 0.22% cobalt. These findings have sparked a surge in the company’s stock value, propelling it towards new prospects. Located 150-300 meters northeast of the existing mineral resources at the Tembo zone, the Safari Link area encompasses a 1.4-kilometer stretch northeast of the Tembo zone, including the Safari zone. Lifezone’s geologists are optimistic about the

January 9, 2024

Ron Finklestien

mining

EMP Metals Revolutionizes Lithium Extraction with Groundbreaking PEA Results EMP Metals Revolutionizes Lithium Extraction with Groundbreaking PEA Results

The recent release of EMP Metal’s Viewfield lithium brine project’s Preliminary Economic Assessment (PEA) has reverberated across the mining industry, sending seismic waves through the market. The PEA revealed a post-tax Net Present Value (NPV) of a staggering $1 billion, while also disclosing a pre-tax internal rate of return (IRR) of 55% and a pre-tax NPV of $1.49 billion at an 8% discount rate. The capital cost of the project stands at $571 million, with an additional $52 million contingency, and a promise of repaying the investment over 2.1 years. CEO Rob Gamley expressed his elation, declaring the company’s deep

January 8, 2024

Ron Finklestien

mining

Lithium Junior Kali Metals Rises on ASX Debut Lithium Junior Kali Metals Rises on ASX Debut

Kali Metals’ entrance on the ASX has generated tremendous interest, notably from heavyweights in the local mining sector. The managing director of Mineral Resources, Chris Ellison, showed significant interest through his private company, Wabelo. The success story of Kali Metals, a spin-off of Kalamazoo Resources (ASX: KZR) and Karora Resources (TSX: KRR) lithium assets, stands in stark contrast to the challenges faced by other Australian juniors. For instance, Core Lithium (ASX: CXO) recently had to cease operations at its Finniss complex due to what it described as “tough” market conditions. Moreover, other small players have found themselves embroiled in a